Imagine you want to buy the same house you live in now, right in your own neighborhood. Sounds good, right? But here's the thing: could you pay for it in today's market? Well, 59% of them, especially those from the Baby Boomer generation, say they couldn't.
Now, let's talk about these folks who are saying no. They've been living in their homes for about 10 years. That's a pretty long time! This isn't just about what's happening right now with the pandemic. It's also about other things like not having a job and the cost of borrowing money, which is called interest rates.
So, here's a big question for you: if you bought a house today, do you think you could still pay for it 10 years from now? It's something important to think about in today's housing market.
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